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. >> warner: and is the grand canyon 60 million years older than we've long thought? we ask science correspondent miles o'brien. >> brown: that's all ahead on tonight's newshour. >> major funding for the pbs newshour has been provided by: >> and by bnsf railway. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> warner: washington's clock ticked another day closer today to automatic tax hikes and spending cuts, the so-called "fiscal cliff". the president took to the road, while republicans warned there's a deadlock in efforts to reach a deficit deal. >> now, of course, santa delivers everywhere. i've been keeping my own naughty and nice lists for washington. >> warner: the president chose a seasonal setting, a toy factory in hatfield, pennsylvania, and holiday imagery to press again for extending tax cuts for the middle class. >> if congress does nothing, every family in america will see their income taxes au
it amounts to quack science. this from the american psychiatric association. i'm quoting now. in the last four decades, reparative therapists have not produced any rigorous scientific research to substantiate their claims of cure. until there is such research available, the apa recommends that ethical practitioners refrain from attempts to change individuals' sexual orientation, keeping in mind the medical dictum to first do no harm. stories of harm caused by reparative therapy are what prompted california to recently pass a law barring it for minors. as the apa warns, the harm can include anxiety, depression, even suicide. randi kaye profiled another young man who went through so-called reparative therapy with traumatic results. here's his story. >> reporter: when ryan was 13, his mother read his diary and discovered he was gay. that was the beginning of the most painful years of his life. >> for years, i thought that god hated me because i was gay. >> reporter: ryan says his parents were determined to change him. they signed him up for what's called reparative therapy with the national
the normal way of doing business. >>science and republicans do not mix. >>now it's your turn at the only online forum with a direct line to eliot spitzer. >>join the debate now. >> eliot: today on the 65th anniversary of the u.n. vote that created the state of israel, the u.n. officially recognized the state of palestine by a vote of 138 to 9 with 41 countries abstaining and the u.s. voting in opposition. palestine status at the u.n. was upgraded to that of nonmember observer state. while they still be only be able to own proceedings, this allows palestine to apply for membership in other international organizations. something both israel and the united states had hoped to avoid. meanwhile in egypt for the seventh day in a row protestors marched in tahrir square to have the constitutional assembly begin voting on a new constitution. yet's egypt supreme court announced that on sunday, it would decide whether or not to dissolve the constitutional assembly so voting was accelerated to perhaps render moot sunday's decision. many of
, in the chemical laboratory, in the health science room, they broke a vial that had some of it in it. they evacuated that school. the fire department came in with all kinds of equipment to make sure they were not exposed to it. women who are pregnant, they say don't eat fish that has mercury in it and they cautioned them, the that there is surgeonfish you can eat. there are all kinds of reasons not to be exposed to mercury. yet we continue to put it in vaccinations as a preservative. in 1929, they came up with for marisol. they tested it on 29 people who had meningitis. they all died of meningitis, but the the mercury in the vaccination was not a contributing factor. so since 1929, it has never been completely tested and they continue to use it in vaccinations. it was not so bad when wenchow got a vaccination or two or three. but now they -- when one child got a vaccination or two or three. but now they get 29. the brain tissues to not -- it stays in there and it causes severe problems. during my chairmanship, for six years, we had four years of hearings. we had people from all of th
's only fair if we say it's somewhat of an inexact science in getting the timing right of when the fed may do something. whether they're thinking about qe-4, sure. whether they do it in two weeks, who knows. >> ten minutes before the closing bell. the dow jones industrial at the highs of the session. higher by 104 points. >> stocks are rallying on a renewed hope for a fiscal cliff fix. perhaps on the fed as well. the day sure didn't start pretty. that's coming up. >>> you better start saving big time. why your retirement could be at risk courtesy of a possible fiscal cliff deal. that's later on "the closing bell." >>> some breaking news on the volcker rule. >> well, scott, regulatory sources have told cnbc that the deadline to complete the volcker rule is now delayed to the first quarter of next year. previously, regulators aimed for a final draft at the end of this year. that rule places limits on a bank's trading capabilities. the financial sector has been watching this development closely, ever since dodd/frank was passed 2 1/2 years ago. a hearing is scheduled in front of the house fin
can still invest in things like education, and training and science and research research. i know some of this may sound familiar to you because we talked a lot about this during campaign. this shouldn't be a surprise to anybody. this was a major debate in the presidential campaign and in congressional campaigns all across the country, and a clear majority of americans, not just democrats, but also a lot of republicans and a lot of independents agreed we should have a balanced approach to deficit reduction that doesn't hurt the economy and doesn't hurt middle class families. and i'd glass to see if you've been reading the papers lately that more and more republicans in congress seem to be agreeing with this idea that we should have a balanced approach. so, if both parties agree we should not raise taxes on middle class families, let's begin our work with where we agree. the senate has already passed a bill that keeps income taxes from going up on middle class families. democrats in the house are ready to vote for that same bill today. if we can get a few house republicans to agree as w
what happens, which isn't rocket science. it's just common sense, from td ameritrade. all in hardcover books is continuing. just look at a barnes and noble, falling 11%, nearly 12%. quarterly results were worse than expected. enook the is not keeping up with demand to the kindle, the one in my neighborhood just closed down. that is depressing. i like reading the book itself. am i the only one? do you still read our book? dave: i have trouble with the reflection and glare on the e readers as well. the markets are doing pretty well. there was the debt earlier today when there was all the pessimistic ruling from inside the beltway the deal was farther away than ever and the talk began to moderate and the market is doing okay. let's go to nicole petallides at the stock exchange because for all the talk in a bell weather was some talk from investors looking at rim that we are not only good for that particular stock as a jump over a 4% but good for the market. >> when you look and research in motion lot of people wrote the moth saying blackberry is not so great, and echoing what other people
on on the treadmill. does anyone have? @%e national science foundation studying the effects on disease. they decided to do this, and they spend 500,000 taxpayer dollars doing this study. if you can get scientists to waste money, the senator is back with another study. this time uncovering waste of the department of homeland security. and there was plenty of it. first, zombies apocalypse training. i know, crazy. part of our homeland response. they were betrayed by actors who were gunned down by a military unit. training occurred at a weeklong conference held at turner's point resort and spa. the cost worth the bargain of a thousand dollars. now we know how to protect ourselves from zombies. then there is columbus, ohio. an underwater robot. christ had a $98,000. the robot has a camera that provides a video this way to a vehicle on shore. i but i have to tell you that i don't know why, because columbus, ohio, the capital of ohio is wehrmacht. great lakes are up here. officials declared emergency because of grant deadlines. not to be outdone, seattle and a remote control helicopter. not really an issue
what happens, which isn't rocket science. it's just common sense, from td ameritrade. cheryl: highs of the session, you heard about retailers looking good. limited express, look at this, almost 9%, q3 earnings were down. the forecast looks pretty good for the holiday season and they're joining the retail party. they're off of the 52 week high, a big drop in june. and try to make a go of it by 9%. about 106, let's start on "after the bell". dave: they're gambling downstairs in the lobby. a few hour of all line, $50 million. you can bet on this or that. liz: it is tough to see a return, it is a wild one today, the dow coming back from 113 point deficit. a lot of reasons for this but in the last couple minutes the traders, what are they saying? nicole: traders are talking about the fiscal cliff back-and-forth and you talk about another q e, talk about tomorrow tim geithner and john boehner meeting, house speaker john boehner actually sounded very optimistic that a deal could be reached. dave: green mountain we saw signs when they came out with earnings yesterday. is roaring ahead up 20
and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens -- where you'll find 8,000 convenient locations. best of all, this plan has the lowest part d premium in the united states -- only $15 a month. open enrollment ends december 7th. so call today or visit your local walgreens. ends december 7th. ♪♪ you can help othersnk along the way. ♪ ♪ a portion of every bottle that they sell goes to fight ♪ ♪ breast cancer and i think that's swell. ♪ ♪ the more you take, the more they'll pay, ♪ ♪ so make them write a big check today. ♪ ♪ and if you're feeling a little slow, ♪ ♪ then 5-hour energy will help you go. ♪ ♪ so buy a bottle of pink lemonade and ♪ ♪ you can help fight breast cancer today. ♪ >> shepard: lawsuits. four women service members with the help of the american civil liberties u
provide green cards pr those skilled in science and technology and math. foreign internationals who have earned degrees from an american university can stay here and use their skills to improve the american workforce. sounds like a great idea, right? sure, but it does so at the expense of other immigrants. and as "the new york times" points out, it eliminates another visa category entirely. the visas set aside for people from countries with low immigration rates to the united states. so the 55,000 stem visas would come at the expense of 55,000 diversity visas. that's a zero sum gain. the elimination of diversity visas would primary affect immigrants from african countries. but despite the discriminatory nature of the bill, republicans insist it's going to create jobs and they are calling out the democrats opposition to the legislation. >> once again, the house is taking the lead on legislation that is going to help create jo jobs. >> we believe as this was the first step forward in terms of trying to address the need for modernization in our visa laws. >> the democrats had two years to d
with the rhetoric of epidemic is that it seems to stand in contravention to a growing amount of science exploring whether or not we are seeing a rise in incidents or a rise in diagnosis, but also i am concerned about the population that the congressman mentioned earlier, many of whom are my members and mr. carley's members who have gone through decades without a diagnosis or who have been misdiagnosed. the perception that autism is some recent new thing has been very damaging, in part because it has meant that when we talk about autistic adults of all, which we do very rarely, we never talk about their needs. we talk about it as something very recently on the horizon, about to be on the horizon. we have to recognize that this is a very serious situation. it is a serious situation now. it is a crisis not for public health but up on that needs and of human rights. >> that goes to my very question -- tell me the kind of services that are lacking that you would like to see provided? so that we can try and figure out how we can use our dollars effectively and efficiently to not only -- i think it was
tara wall was a senior media adviser for. an associate professor of science at columbia university. a fellow at the roosevelt institute and manuel reyes. thanks for having you here. it's nice to have you. >>> tara, welcome to nerdland. >> how did i know you were coming to me first. >> now i would like you to explain your party. >> lay it all on the table. >> in a certain way, it's so early, i feel silly talking about it. but i do think it's important that we not sort of come out of a win as i've seen both parties do in midterm elections or general elections with this narrative, oh, the other party is over. this is the decisive election. i don't think we see anything like that. when you look at the new herd, what seems to you like the things that are different? >> i think, number one, there are a couple of things. i think as you mentioned, it is a little more diverse, both ethnically and sexwise. i mean, you have a few more women which i think is great. i think after any election, everybody does recalibrating and lessons learned. i think what you don't want to lose sight of is the f
'll be joint staffers who are doing the real science and math on this on exactly what formations, what capabilities, and, therefore, how many civilians and military need to remain. i think that if you go to one end of the spectrum and go with just a few thousand soldiers, that's not enough to really secure yourself or do either too well. i think that's what my own research is doing. talking to a lot of smarter people in the week here in the capital region. if you go very large, you could run the risk of having the security forces from afghanistan become too reliant in those areas upon us because we're there taking care of them. i think they can be mitigated, i really do. there's got to be a really good, i think, science to exactly how you approach troops to task based upon the missions that we're given. that really is what needs to happen militarily. economically, we've got to stay informed in the -- invested in the region. you've got to have security forces. it's a sustainable force that works for afghans in the outyears. at the same time, diplomatically you've got to continue reconci
that we can get this done is because the reality is it is not rocket science -- we can get it done. mr. chairman, whether it is our current chairman, john larson, or our future chairman -- whoever gets to lead this caucus knows we have got an enthusiastic group of committed representatives of this country ready to get the job done. >> questions? >> congressman, if republicans are willing to step up and raise revenue, will house democrats provide votes to cut benefits to programs like medicare and medicaid? >> let me say that clearly, as gene sperling was sent today, the president is willing to look at what they're going to put forward in terms of revenues, but that has not been forthcoming, shall we say. with the president has been very clear is in terms of the impact on beneficiaries and beneficiaries are the people who are the recipients of medicaid, medicare, and social security -- we believe at most would agree that social security is not responsible for the deficit and should not be on at the table for discussion. with regard to the so-called entitlements -- i come from hartford,
science. it's just common sense, from td ameritrade. >>> welcome back. chevron ceo john watson telling me exclusively today that the second largest u.s. energy company is moving forward on investments despite fiscal cliff concerns. we begin on our conversation, zeroing in on lawmakers' efforts in washington and whether he thinks they can work out a deal. >> i hope we can. there's greatty in the business community waiting for something to be done. there are big concerns about structural deficits going forward. there are concerns about tax increases that would be coming absent some sort of a deal on the fiscal cliff. >> the fiscal cliff has been the issue that has stopped or sort of made companies reluctant to push cash to work, to hire folks. is that stopping you, or are you moving forward regardless? >> actually, we've been moving forward with our investments. we're spending some $32 billion this year on energy projects around the world. i expect we'll spend even manufacture thmore than that next year. all we need is the opportunity to invest. we need to have access. we need permits, and
things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. >>> all right. apparently nancy pelosi, the minority leader in the house, is going to wait until after the close to make any comments about the fiscal cliff. but the market's been moving anyway. i mean, take a look at today. again, it's another day where wall street is fixated on washington. you had decent gdp data this morning. they revised the latest quarterly data upward. that gave us a nice little rally until speaker boehner came in and said he was disappointed in the progress, that no progress had been made between the house and the white house in the last two weeks. that sent the market lower. then harry reid said, well, with we all know where we stand at this point. chuck schumer of new york said he was convinced we would have a deal by christmas. that brought the market back. we were up 40, 50 points at that point. now we've been doing a little stutter step waiting for nancy pelosi. that doesn't look like we're going to get anything
on the brands you want. walmart. 1. >>> science, technology, engineering and mathematics would provide visas to 55 immigrants annual tloi receive degrees in those fields and use what they learned and a apply that to american jobs. eric cantor praised the bill's package. >> we have seen not only american students, but many, many foreign nationals have come to this country to be educated at our colleges and universities. specifically in the s.t.e.m. areas in the graduate education programs. the bill that we passed will allow these individuals to have a green card if they get a diploma. >> democrats in the white house oppose the bill. it's likely doa in the senate. >> if you support this bill, you're saying that one group of immigrants is better than another. we take away visas and the only means of legal immigration from 50,000 people who may not have ph.d.s or master's degrees. talk about picking winners and losers. >> joining us now is the congressman who introduced the bill. it seems to solve a couple of problems at once. it keeps highly skilled tech work workers here in the country. it mak
has fallen dramatically. there is no scientific relation in social science between the number of guns and the homicide rate. we've seen, there is just -- >> what a load of absolute -- >> -- virginia has gone up dramatically. >> what a load of claptrap. >> we have to be clear about this. he's talking about virginia. the death rate in virginia has gone up and i think people don't understand all that. in the united states, we have some agreement on what we can do and i think we need to talk about that. there's some new polling by mayors against illegal guns that show that huge majorities of gun owners and americans believe that we should have background checks on all gun sales and let me tell you, states that do that save lives. and we need to do the things i think that are possible, the things that are going to make a big difference. we know that in america, if we do things like background checks on things like better tools for psychiatrists, we can stop these killings. not all of them, because countries in europe that have these types of things, countries around the world and states th
each other, which isn't rocket science. it's just common sense. from td ameritrade. for a professional cleansing device? join the counter revolution and switch to olay pro-x. get cleansing results as effective as a $200 system. guaranteed or your money back. olay pro-x. >>> welcome back to "the ed show." thanks for watching tonight. senate republicans are holding america's progress hostage with the filibuster. they have blocked legislation like the veterans jobs act, which is killing thousands of jobs in the process. now senate democrats want action. they want to change e. senate majority leader harry reid wants three changes to the filibuster. they would make debates public and provide a shorter timeframe for breaking filibusters. these are minor reforms and the filibuster can still be used. republican minority leader mitch mcconnell railed against the changed earlier today. he said they were an effort to marginalize the minority party. harry reid hit right back atd the gentleman from kentucky and referenced this comment senator john mccain made on monday. >> mr. chairman, i again apo
't rocket science. it's just common sense. from td ameritrade. it's just common sense. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chas we are gathered here today to celebrate the union of tim and laura. it's amazing how appreciative people are when you tell them they could save a lot of money on their car insurance by switching to geico...they may even make you their best man. may i have the rings please? ah, helzberg diamonds. nice choice, mate. ...and now in the presence of these guests we join this loving couple. oh dear... geico. 15 minutes could save you 15% or more on car insurance. you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the
science. it's just common n sense, from td ameritrade. >> a school in texas is putting tracking chips in the student i.d. cards. the school says it's for students safety in case of emergency and increase attendance and means more money. students don't like this, because of privacy. and judge, welcome back. you're about to launch a second. an i don't see anything wrong with tracking chips in student's i.d. where they are. >> obviously the courts would rule on this, as far as i know the first proposal to it. it could lead it a slippery slope. it could be chips under the skin, which has been proposed before. it could be rewired wearing i.d. off school grounds and the supreme court students can be punished for behavior off school grounds and outside of the school hours of the day. so, this could lead to a very dark and dangerous area, but in terms of safety in the schhol -pbuilding, which the school ha an obligation to ensure, and in terms of knowing where the children are in the school building, and the school has the right to know. >> i don't think should be upheld unless it's tracking
journal science" that claims the polar ice sheets are melting at record rates. up to five times faster than in the '90s. look at this video. it's fascinating. time lapse video from greenland. the report says that country and antarctica are losing 344 billion metric tons of ice a year equal to the weight of more than a million empire state buildings. scientists say these findings are important because the melting is causing sea levels to rise, and that makes coastal storms, say superstorm sandy, worse because of the massive flooding that's caused. [ male announcer ] this december, remember -- what starts with adding a friend... ♪ ♪ ...could end with adding a close friend. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. with his wife, danielle, almost every weekend. derrell hasn't been able to visit his mom back east in a long time. [ shirley ] things are sometimes a little tight around the house. i wasn't able to go to the wedding. [ emily jo ] since derrell couldn't get home, we decided to bring
him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. >>> we got a hardcore reversal from the up side yesterday, as the market continues to be on a hair trigger alert. the president meeting with mitt romney, although no press on that one. and we will also get some housing data coming up in about hal half an hour's time. the exchange is playing muse six in honor of this bank, which is being called america's most exciting bank. >> that's what they call themselves. and maybe that's why they have this music, because it's actually quite loud. >> let's see if they start dancing the executives. >> the race is on to see which bank is the most exciting in this country. >> a new trend here. >> in the meantime, here's the opening bell for a thursday morning. again brook shire -- nasdaq to the nyc and over at the daz damage, fran drescher, star of the sitcom, a great comedian. still responding to the news in the world of social media, whether it's living social and some reported layoffs or what andrew mason s
, in political science, and, you know, norm knows more than i do, but look at house majority parties, hey, that tells us a lot how they behave today. they try to structure the environment in a way to win, and they do so by controlling the agenda and preventing minorities to participate in the legislative process. that's not a surprise to anyone. that's what's done in the senate today and that's not the way the senate has been run. there's a number of tools that they have at their di poe sure to do that. third is filing cloture. we're familiar with that. filing cloture is something done out of weakness by the party, but it's actually a tool for the majority, a weak tool, but it is a tool to provide certainty, limit on amendments under circumstances, and allows the symbolic gesture on their part to create a line, a demarcation, clear for people who are for and against something. in the house, you do that with a closed roll, whatever you want. i think more egregiously, we have the same day closure. typically, you file cloture, the idea is the bill's on theññr fl, filibuster it, and the maj
an impact on brain function. as science and medicine progressed, society has come to understand mental illness with clarity. senator conrad and crapo wanted to strike the word lunatic from the united states code. i thank them for their effort and i encourage my colleagues to join me in supporting this bill to modernize or codified law to reflect the 21st century understanding of mental illness. and i reserve the balance of my time. . the speaker pro tempore: the gentleman reserves. the gentleman from virginia. mr. scott: i yield myself such time as i may consume. the speaker pro tempore: the gentleman from virginia is recognized. mr. scott: this bill eliminates outdated references in the u.s. code that stigmatize individuals with mental illness. this legislation easily passed the senate with strong bipartisan support. the bill eliminates the word lunatic from the -- several sections of the united states code in order for our code to reflect meanings which are much more appropriate and up to date in the 21st century. in the past members of congress on both sides of the aisle have worked
countries die for. hire education, entrepreneurial climate, a lot of science and technology, enormous dynamism in this country and a lot of strengths. but what we've done is we allowed a bunch of unnecessary costs of doing business to grow up and creep up. by in action basically. at the same time as all these other countries, and, of course, i work around the world on this topic, all the other countries have whole task forces of national leaders that work every day to drive down the cost of doing business and make the infrastructure better and make better airports and make better data communications, and make it simpler to do business. so what's happened is we've taken for granted, we have these great strengths can look at us, we're wonderful. we've not been able to make progress. we're not talking about hard stuff. talking about keeping our infrastructure modern. we are talking about not sorted through all kind of obstacles in terms of the regulatory approaches we take. it's simple stuff. but really to me, i'm optimistic because of the core strengths, but the real concern is, is how
and investing in science, technology, engineering, mathematics and schools. >> there's speculation that you'll be doing a tv show to find the next steve jobs or the next bill gates for an example. you can really find the bill gates through a television program? >> you can find the next bill gates through a competition. whether the competition happens online, in a fair, on tv is not important. but the competition is important. the challenge and the ob kestac and tools is important. >> you talk a lot about fashion and technology and incorporating the two together and there seems like there's a lot of focus on that. >> like that scarf you have, it's nice. but other than keeping your neck warm it doesn't do anything else for you. and in this day and age, it can do a lot more. it can tell you your temperature, it should be able to tell you how much calories you you burned, it should be able to tell you -- just by looking at the scarf. so fashion has not been brought up to speed with today's technological capabilities. it's as if for one introduced them. that can serve more than just keeping your
behind in science and math. let's create five new programs. that has been the approach. >> reporter: as we speak treasury secretary tim geithner is meeting behind closed doors with the white house point man on congressional affairs with senate majority leader harry reid. perhaps we'll learn more about what kind of spending cuts the democrats are proposing after that meeting is done. jenna, back to you. jenna: we'll talk a little more about that now, doug. thank you very much. jon: yeah. let's go behind the scenes of the talks to avoid the fiscal cliff. it seems the framework for a deal actually might be taking shape. if so, what will it look like? david drucker has been nosing around a little bit. the associate politics editor at "roll call." when you hear senators and speaker of the house come out and talk it doesn't sound like they're all that close, david. are you optimistic? >> well i'm sort of on the fence here, jon. whenever you hear members of congress talk about any kind of fiscal cliff deal you have to approach it with a sort of believe everything and believe nothing attitu
isn't rocket science. it's just common sense. from tdmeritrade.
what happens, which isn't rocket science it's just common sense, from td ameritrade. >> i'm tracy byrnes with your fox business brief. security and exchange commission has reportedly filed a civil lawsuit against two former european civil broke us. trading ahead of ibm's purchase of a software program. "wall street journal" reporting one of the men learned about the tip from his roommate. sales rose more than expected in october signaling the housing market is recovering. the national association of realtors index rose more than 5% for september as steady job gains and record low mortgage rates may have made home buying more enticing. mortgage rates may have edged slightly higher last week but continued to hover near record lows. the average rate on a 30-year mortgage is now 3.32%. the rate has been below 4% all year. that is the latest from the fox business network giving you the power to prosper. sometimes investing opportunities are hard to spot. you have to dig a little. fidelity's etf market tracker shows you the big picture on how different asset classes are performing, and
last, which isn't rocket science. it's just common sense. from td ameritrade. >> i am lori rothman with your fox business brief. shrugging off earlier losses but still sensitive to comments every last word out of there. on the fiscal cliff. securities and exchange commission has charged two retail brokers ahead of software program back in 2009. the insider trading yielded more than $1 million in profits. two men are facing criminal charges from the u.s. attorney's office. mortgage rates may have edged slightly higher last week but continued to hover near record lows. the average rate on a 30-year mortgage down below 4% all year long. that is the latest from the fox business network giving you the power to prosper. ashley: there's another battle brewing over the fiscal cliff, so that the congress and white house, that's what is happening on twitter. dennis kneale just turned off his phone and is ready to go. president obama, asking america to rise up and tweet. he held a new hash tag on twitter, my2k, as in it is my $2000. now it has become a thriving platform for trashing the obama
science. it's just common sense. from td ameritrade. house council of economic >>> today, the fiscal cliff looms. outrage in the country as the rise above road trip continues. reports throughout the day on cnbc. >>> what will it take? we'll ask that and we'll ask republican senator orrin hatch why he thinks entitlement reform is the path that will lead to it. >> paul volcker, his take on the debt negotiations. >> we'll take care of it one way or the other. >> the third hour of "squawk box" starts right now. >>> welcome back to the teacher -- no, to "squawk box." first in business worldwide. i'm joe kernen along with becky quick and andrew ross sorkin. we have a big, big hour to talk about both the impediments of getting a deal and get it done. greg mankiw will join us in just a minute. he's a former chairman of george w., 43's adviser and senator orrin hatch on a path to a debt agreement. plus, more of our exclusive interview with former fed chairman paul volcker, but, first, becky has your morning headlines. >>> among our top stories today, stocks gaining some ground yesterday on optimism
and being ready, no matter what happens which isn't rocket science. it's just common sense from td ameritrade. we have a big, big hour and the i.q. will go way up. how are you ever going to solve the problem if you don't look at all of the pieces? >>tv and radio talk show host stephanie miller rounds out current's morning news block. >>you're welcome current tv audience for the visual candy. >>sharp tongue, quick whit and above all, politically direct. >>you just think there is no low they won't go to. oh, no. if al gore's watching today... [ ♪ theme ♪ ] >> announcer: this is the "full court press." the "bill press show." live on your radio and on current tv. >> bill: hey, it is 14 minutes before the top of the hour here on this wednesday morning. november 28. before we get back to the issues of the day for the last two days, you have heard at this time of the program in our programs both me and stephanie miller ask for your help for the salvation army. contest we've been running here on current tv. we are no longer going to be part of t
science. it's just common sense, from td ameritrade. >>> another day where you will have one eye on the markets and one eye on capitol hill today. a lot of ceos visiting with the president of the white house as we try to read tea leaves regarding the fiscal cliff. dow down 89 points. as we await the opening bell in a minute's time, i want to replay something from last night which conagra talked about the mood of the consumer. here's what he told cramer last night on "mad money." >> where do you see the consumer right now? >> it's a very bifurcated economy today with the consumer. you have high end consumers that are still feeling pretty good but in very basic every day needs like food as well as basic services, et cetera, people no matter what economic strata they're in, they are trying to save on those basics. >> explains a lot about where we are. >> took my breath away. what he's saying is there's a huge percentage of people trying to pay for dinner and dinner is tough to come by and you forget about that on a fiscal cliff discussion that will be even more difficult for people
a speech in which he says he wants to use the tax hike to invest in training, education, science and research. when you're in a deep, deep hole, you're borrowing almost 40 cents of every dollar you spend, shouldn't you constrain yourself and not start new programs? or if you start a new needed program, shouldn't you reduce some less valuable program to pay for it instead of just taxing to create more programs? so not once in the speech did he discuss entitlements. it's the largest item in our government, entitlements. not once did the president of the united states discuss with the american people the problem of social security, medicare, medicaid are on an unsustainable path and are at great risk. shouldn't the president honestly talk to the american people about that? he didn't discuss our $16 trillion debt and how the debt commission that he appointed indicates that we're on an unsustainable path heading to a fiscal crisis. he did not discuss that. or the economic catastrophe that could occur if we don't get off this unsustainable path. the president should lead on these thing
, with the rest of science, we'll apply the rigor, we'll follow where the data leaves. we'll leave our politics at the door. >> point out that none of this means that street ecstasy is safe, apart from being illegal, you don't know what you're getting. it's often contaminated. pure mdma can cause a higher body temperature, it can cause dehydration. there's also cases where people overcompensate and actually die from drinking too much water. but in a controlled setting, which is what we're talking about here, the evidence does seem to suggest that it can be safe. similar studies are under way in europe and canada and midhoffer is halfway through a study offering this treatment to combat veterans, firefighters and police officers. dr. sanjay gupta, cnn, reporting. >> fascinating. possibly opening up the mind. well, you can watch more of sanjay's fascinating report on the ptsd study this morning, "dr. sanjay gup "dr. sanjay gupta" airs this weekend saturday and sunday mornings. >>> with thousands loo s losing jobs, some twinkie execs will get bonuses. oh, let me guess --ou see this? more washingto
. but the real issue is one of agenda control. we actually have a way to think about this. in political science. if you look at the way that the house majority parties behave, it tells us a lot about way that senate majority trying to behave today. they try to structure the environment in such a way that they can win. and they do sell by controlling the agenda and preventing the minorities from participating. that is not a surprise to anyone. that is what is being done in the senate today and that is not the way the senate has traditionally been run. there are a number of tools. the first one is something we are all familiar with. the filing closure is something that is done at a weakness on the majority party because the majority is struggling. it is actually a tool for the majority compared to what the house does. it is a tool that provides certainty in the process and it allows a symbolic gesture on their part to create a demarcation that is very clear when people are against something. it is the only way to do this. in the house come you can do it with a close rule whenever you want. i thin
. caller: c-span could put on actual science. i think there is a lot of magical thinking on the part of democrats here. first of all, they are assuming if they raise the taxes on this one%, it will not affect the jobs and the companies that they work for. nor would it affect the customers they have. what are the percentages of the most important job creators around? how did you identify them? they had no clue. i think the other aspect of magical thinking is that in the noise and the signal, nate silver pointed out previously a 12% rise in gdp might ake for a 2% rise in employment. in 2005, we got 3.5 million jobs lost. it is a fantasy to believe that the president's spending is going to make employment rise more. recently, there has been an article by a harvard university law professor who says if you are going to do this thing, it is more important to make all the fiscal cuts them back as greece and spain know, when people do not trust your debt, weak issue too much debt. if everyone heads to the door like china and other is, our debt is really going to go up. host: should the raisi
old but geologists at the university of colorado now published a paper in the journal "science" which claims the grand canyon dates back to the time when dinosaurs walked the earth, 70 million years ago. >> it's a geyser! police in san diego say the driver of a snap-on tools truck lost control, knocked off a fire high drand and crashed through the wall of a bar. water rocketing into the air. everybody was okay. >>> a stroke of luck for one man who was impacted by the superstorm. he was heading to work when he stopped to check his powerball ticket. the kennedy airport customs broker was one of 58 people who came up one number short of the big jackpot. >> put it in the machine, he said you're a winner. not only that you won a million dollars. >> he won a million dollars. several other lotto winners, including one new yorker who hit the $33 million mega millions, pledged to give to the recovery effort to help their hometown. that's wonderful. from gang style to gang busters. coming up, our alina cho goes one-on-one with youtube sensation. if you are one of the millions of men who have us
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